Tag: DISCO

Government Accelerates Privatisation of DISCOs and HBFC

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Power-sector

ISLAMABAD: The federal government has ramped up efforts to privatize power distribution companies (DISCOs) and the House Building Finance Corporation (HBFC) as part of its economic reforms. The Privatisation Commission, led by Federal Minister for Privatisation and Investment Aleem Khan, recently reviewed progress on entities listed for privatisation. During the meeting, it was decided to expedite the selection of financial advisers for DISCOs while seeking International Finance Corporation (IFC) approval to advance the HBFC privatisation. Sources indicated that HBFC is ready for immediate privatisation, requiring only the IFC Board’s nod…

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Government Seeks World Bank Support for Private Sector Participation in DISCOs’ Privatization

Admin
Power-Projects

ISLAMABAD: The government has approached the World Bank for Non-Lending Technical Assistance (NLTA) to facilitate private sector involvement in the privatization of power Distribution Companies (DISCOs), sources informed Business Recorder. In a letter to the World Bank’s Country Director, the Economic Affairs Division (EAD) stated that the Ministry of Energy (Power Division) seeks the World Bank’s support under NLTA for the following activities to promote private sector participation in DISCOs: Drafting guidelines for private sector involvement and competitive processes for inviting investors/operators.Conducting sector financial sustainability and sensitivity analyses, including developing…

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